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BT Conferencing Acquires Wire One Holdings

BT Conferencing Inc., a business unit of UK telecom giant, BT Group, has agreed to purchase Denver, Colorado-based videoconferencing provider, Wire One Holdings Inc., the two companies announced on Thursday.

The value of the deal was not disclosed except to say that the gross assets of Wire One totaled $90.5 million at the end of 2007. BT is buying the company from Gores Group LLC, a California-based private equity firm.

Wire One describes itself as “one of the leading providers in the U.S. of easy to use, reliable, and cost-effective video communication solutions.” It provides both equipment and services to upwards of 8,000 customers, and employs over 350 professionals in the United States and Europe.

BT Conferencing, meanwhile, is a major global provider of audio, video and web collaboration services, which is in the process of developing new scalable conferencing products across its global infrastructure.


Source:
http://www.teleclick.ca/2008/04/bt-conferencing-acquires-wire-one-holdings/

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